The fact that the property-casualty insurance industry is bouncing back quickly from the third-quarter's hurricanes, doesn't mean that executives are any smarter in terms of the way they've managed exposures, analysts told an insurers meeting.
That assessment was delivered Thursday by Steven Dreyer, managing director of Standard & Poor's and Frank Medici, managing director of Morgan Stanley, during the opening session of the 17th Annual Property-Casualty Insurance Conference in New York.
Overall, the industry held up well, Mr. Dreyer said, noting that given the enormity of the events==amounting to perhaps $80 billion in losses==there were no insolvencies.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.